An affiliate of New York-based Blackstone Group LP has purchased 16 buildings and land parcels at Pacific Coast Business Park in Oceanside for approximately $13.5 million, according to CoStar Group and public data.
The seller of the industrial and office properties, located on Rocky Point Drive and Avenida Del Oro, was an affiliate of Denver-based Prologis Inc., represented by Chuck McNary, Joe Crotty and Josh McFayden of brokerage company Colliers International.
The deal included seven vacant land parcels totaling approximately three acres at 1333-1345 Rocky Point Drive, and four vacant parcels totaling approximately 22 acres on Avenida Del Oro. Also sold were five fully occupied warehouse buildings at 1332-1353 Rocky Point Drive, built in 2009 and totaling 111,573 square feet.
According to its website, Pacific Coast Business Park was originally developed by Prologis and Irvine-based Guthrie Real Estate. It is a multi-phase, master-planned development that houses several existing office, industrial and research-and-development tenants.
